2. An organization engaged in the social sector intends to develop a social fund to help the elderly aged between 65 and 90 years. The assistance is given every month in the amount of IDR 2.5 million (assistance begins at the end of the first three months of age 65 years).

2. An organization engaged in the social sector intends to develop a social fund to help the elderly aged between 65 and 90 years. The assistance is given every month in the amount of IDR 2.5 million (assistance begins at the end of the first three months of age 65 years).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please solve the problem from chapter Economics engineering theory and application. Please solve the subparts A,B with the step. Please no reject, Im needed in 60-120 Minutes max. Thank u

2. An organization engaged in the social sector intends to develop a
social fund to help the elderly aged between 65 and 90 years. The
assistance is given every month in the amount of IDR 2.5 million
(assistance begins at the end of the first three months of age 65 years).
For this purpose, the organization deposits its money in a bank with an
interest rate of 8% per year. The deposit expires when the person has
reached the age of 65 years. Question :
A. How much money must be deposited every three months, if the
person to be assisted is now 25 years old ?
B. How much money must be deposited every three months, if the
person to be assisted is now 40 years old ?

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